Demand is determined by how much suppliers are willing and able to produce.
Answer the following statement true (T) or false (F)
False
Economics
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According to the law of demand, if the price of movie rentals decreases, ceteris paribus,:
a. the demand for movie rentals would increase. b. the quantity demanded of movie rentals would decrease. c. the quantity demanded of movie rentals would increase. d. the demand for movie rentals would decrease. e. the quantity demanded of movie rentals would not change.
Economics
________ is/are the payment for the factor of production ________
A) Wages; capital B) Interest; labor C) Profit; entrepreneurship D) Rent; capital
Economics